Oppenheimer Holdings (OPY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Oppenheimer Holdings

NYSE•Financial Services•Capital Markets

$114.64+1.51(0.01%)Market open

Market Cap

$1.22B

P/E

11.9x

P/S

0.7x

P/B

1.2x

Oppenheimer Holdings Inc. operates as a middle-market investment bank and full-service broker-dealer. It provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options, municipal bonds, mutual funds, exchange-traded funds, certain precious metals, and unit investment trusts; financial and wealth planning services; and margin lending services. The company also offers asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, non-discretionary investment advisory and consultation services, alternative investments, portfolio enhancement programs, and institutional taxable fixed income portfolio management strategies and solutions, as well as taxable and non-taxable fixed income portfolios and strategies. In addition, it provides investment banking services, such as strategic advisory services and capital markets products; merger and acquisition, equities capital market, debt capital market, debt advisory and restructuring, and fund placement services; and institutional equity sales and trading, equity research, equity derivatives and index options, convertible bonds, event driven sales and trading, and portfolio and electronic trading, as well as provides custody, clearing, and prime services. Further, the company offers institutional fixed income sales and trading, fixed income research, public finance, and municipal trading services; and proprietary trading and investment activities. Additionally, it provides underwriting, market-making, trust, and discount services, as well as a cloud-based financial market. The company serves high-net-worth individuals and families, corporate executives, public and private businesses, institutions and corporations, governments, financial sponsors, and domestic and international investors. The company was founded in 1881 and is headquartered in New York, New York.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Growth (23/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability14/25

Growth23/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality13/25

Strengths

Growing revenueRising earningsCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.9x5y range 3.3x – 14.3x

Currently above its 20-quarter median.

P/S · 0.7x5y range 0.3x – 0.7x

Currently above its 20-quarter median.

P/B · 1.2x5y range 0.5x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.22B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.80B
Q. Revenue: $454.88M
TTM EBITDA: $188.04M
TTM Op. Income: $150.05M
Q. Op. Income: $39.45M
TTM Net Income: $102.85M
Q. Net Income: $27.35M
EPS: $2.55
Shares Out.: $10.71M

$1.80B in TTM revenue grew 20.6% YoY, reaching $454.88M last quarter. TTM EBITDA of $188.04M and TTM operating income of $150.05M show growth is flowing through to the bottom line. TTM net income of $102.85M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 10.8%
Op. Margin: 8.7%
Net Margin: 6.0%

Op. margin of 8.7% is up 0.0% YoY — cost efficiency is improving. Net margin at 6.0% Over the past year, operating margin is up 0% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.9x
P/S Ratio: 0.7x
P/B Ratio: 1.2x

At 11.9x P/E, the stock trades below typical market levels. P/S of 0.7x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.23B
Cash: $38.45M
Long-Term Debt: N/A
Book Value: $996.65M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-55.02M
TTM Free Cash Flow: $-9.00M
FCF Margin: -0.5%
FCF / Net Income: -0.1

TTM FCF of $-9.00M on $-55.02M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.